On behalf of a private client, FHP Property Consultants are pleased to have completed on the letting of Unit 2 Shipley Court located on Manners Industrial Estate in Ilkeston, on undisclosed terms. The latest success follows the letting of Units 4 & 5 Eagle Road on Quarry Hill Industrial Estate in March 2022.

Darran Severn of FHP Property Consultants comments:

“We received a good level of interest which translated into a great deal, and we were able to achieve the quoting rent. It is no surprise that the property was let in a matter of a couple of months from marketing to completion, given its presence on a well-established industrial estate.”

With two further properties, E15 Langham Park off Lows Lane, and Unit C West Hallam Industrial Estate, currently under offer, there are very few options remaining across Ilkeston either to purchase or let, but demand for good quality warehouse space remains particularly strong.

To discuss any property related matter you have, please contact Darran Severn on 07917 460 031 / Darran@fhp.co.uk or Jamie Gilbertson on 07398 443 828 / Jamie.gilbertson@fhp.co.uk.

ENDS

Darran Severn

June 2022

• Good quality industrial/warehouse unit with full mezzanine
• Prominent location
• Easy access to J25 of the M1 Motorway
• Suitable for various uses including trade counter, storage and distribution, and general industrial
• Machinery/equipment available subject to separate negotiation

Pride Park continues to be a popular choice for office occupiers and that is apparent in a recent deal concluded by FHP Property Consultants.  Edward Lloyd House situated on Pinnacle Way, Pride Park has recently been let.

Edward Lloyd House is one of the best detached office buildings on Pride Park and extends to approximately 9,700ft².  The high quality self-contained office premises benefits from open plan accommodation and good on-site parking facilities.

The office has been let on new lease terms for a period of 8 years at a rent which breaks back to £16.50ft².Darran Severn of FHP Property Consultants comments:

“I am delighted to have let Edward Lloyd House.  This is an excellent building being one of the most recent offices built on Pride Park and the property offers excellent headquarters accommodation.  As a result we have achieved a rent of £16.50ft² which is an excellent result for our client.  There are currently few sizeable detached offices available on Pride Park particularly in the 7,500ft² to 15,000ft² bracket and we may start to see businesses looking further afield at some of Derby’s high profile multi let office buildings such as Cardinal Square and Pentagon House.”

For further information on this letting or to discuss your office requirement, please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk.

Darran Severn

May 2022

We are delighted to say that it has been a promising couple of months for the Derby retail scene.  Despite the current challenges surrounding inflation, interest rates and tax rises, there is certainly a sense of restored confidence within retailers in comparison to the previous couple of “pandemic years”.   We are witnessing a good level of enquiries from a range of different occupiers which are pleasingly turning into lettings, some of which I am excited to now be able to reveal…

Looking firstly at Derby’s high street, following ALB Group’s acquisition of the block on Albion Street just a couple of months ago, I am pleased to announce that we have already completed on three new lettings.  The former card shop unit has been let to “Hatchet Harrys Axe Throwing”, the old Goldsmiths unit has gone to an independent speciality coffee shop “Barista Lab” and the former EE store has been let to “Pace”, a lifestyle fitness boutique that will offer a wide range of gifts, wellbeing products, exercise classes and personal training.

Additionally, we can finally reveal that we have exchanged contracts on the former Dorothy Perkins/Burtons unit on Victoria Street with “Boo” – a fast food burger restaurant chain who have a number of locations across the Midlands.

Within the Cathedral Quarter, Derby Brewing Company are taking the former Las Iguanas premises on Friar Gate and are opening their new concept in “The Clubhouse” which will be a unique addition to Derby’s hospitality scene.  We have also just agreed an offer on the old Burger King unit on East Street to an exciting leisure occupier.

We have also welcomed several new brands into the Derbion Shopping Centre in recent months, with Tommy Hilfiger, Mango, Flannels and Lids having taken place and the likes of Frasers and Jack Wills set to open their doors very soon.

No doubt there will be concerns in 2022 for retailers, however we are highly optimistic about the rest of the year and excited as to what it will bring to Derby.

For further information please contact Darran Severn 07917 460 031 / darran@fhp.co.uk.

• Landmark building
• Grade A office space
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

• Landmark building
• Grade A office space
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

• Landmark building
• Grade A office space
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

• Landmark building
• Grade A office space
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

• Landmark building
• Grade A office space
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

FHP Property Consultants have concluded another sale of a self-contained office building on Pride Park, Derby which shows there is still great demand to purchase good quality well let buildings.

1 Pride Point Drive is let to two tenants occupying a total space of 557m² (5,995ft²).  The building produces an income of £75,750 per annum and has been sold to private investment clients for £855,000 reflecting a net initial yield of approximately 8.42% net of costs.

Darran Severn of FHP Property Consultants comments:

“The office market has been particularly active in recent months and this is one of several office buildings we have sold on Pride Park.  There is good demand to purchase both vacant and occupied buildings.  As availability decreases I see capital values beginning to rise.  If you would like any advice on the disposal of your property I would be more than happy to help”.

For further information on this sale please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk.

Darran Severn

May 2022

• Attractive four storey building
• Prime position on Sadler Gate
• Cathedral Quarter BID location
• Available freehold or leasehold
• Nearby occupiers include Joules, Bunk, White Stuff, Vision Express and Brigdens Country
• Rent £16,000 per annum
• Freehold price £200,000

• Industrial/warehouse unit
• Undergoing a comprehensive refurbishment
• Includes ground floor office block with welfare facilities
• Forecourt parking and loading area
• Situated off A52 at Pentagon Island
• Available on new lease terms

FHP Property Consultants are delighted to have been instructed to market St Helens House, King Street, Derby,

DE1 3EE.  St Helens House is a three storey office building providing 900.53m² (9,693ft²) of accommodation and benefits from onsite parking.  St Helens House is well located off Derby’s inner ring road providing excellent access to the city, the M1 at Junction 25 and the A38.  The city centre is a short walk away with local shops and amenities within 10 minutes.

The property is available on new lease terms direct with the landlord at a rent of £130,000 per annum.

Darran Severn of FHP Property Consultants commented:

“This is a truly magnificent building and would be a great home for any business.  The accommodation provides a mixture of open plan and cellular rooms all with high ceilings and benefitting from great natural light.  One trend I have noticed over the past several months is that businesses are seeking a higher quality office environment and this building can certainly do that.

I look forward to speaking with any interested parties”.

Alternatively, if you require slightly less space, we are also bringing to market a 306.57m² (3,300ft²) suite within the adjacent Pearson Building which is known as the Big School Suite.

For further information or to arrange a viewing, please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716 330  / dan.mooney@fhp.co.uk.

ENDS

Darran Severn

April 2022

• Well located with access to both A61 and M1 Junction 29
• Potential uses include storage land or commercial / industrial development (STP)
• Rare opportunity to purchase the freehold interest

• Self-contained character office building
• Mixture of open plan and cellular accommodation
• On site car parking
• Good access to local amenities
• Available on new lease terms
• Rent £130,000 per annum
• Could be split on a floor by floor basis

FHP Property Consultants are delighted to bring to market the former Derby Wholesale Market which is situated off Pentagon Island, Derby.  The site is situated on Chequers Road which runs parallel with the A52 thus being highly visible from the A52 a major dual carriageway linking to the M1 Motorway.

Approximately 3 acres in size, the site currently consists of a 25,000ft² warehouse with ancillary buildings with the remaining area comprising hard surfaced storage land.  The property can be purchased or rented as seen or with buildings to be refurbished to a specification to suit individual parties.  Alternatively, new trade counter/industrial/warehouse units from 25,000ft² up to a maximum size of 57,000ft² can be delivered to a specification to suit.

Darran Severn of FHP Property Consultants commented:

“This is an extremely rare opportunity to acquire a prime site in one of the most prominent locations in Derby.  The site would suit a variety of users from car dealerships, trade counter users to storage and distribution or for use as a transport depot. 

We are inviting all enquiries and I look forward to speaking with any interested businesses.”

For further information or to arrange a viewing please contact Darran Severn (07917 460 031) / darran@fhp.co.uk, Tim Gilbertson (07887 787 893) / tim@fhp.co.uk or our joint agent Sean Bremner of CPP (07541 505 980) / sean@cppartners.co.uk.

ENDS

Darran Severn

April 2022

• Industrial/warehouse property
• Self-contained yard to the rear
• Undergoing a comprehensive refurbishment
• Includes ground and first floor office block with welfare facilities
• Forecourt parking and loading area
• Situated off A52 at Pentagon Island
• Available to rent on new lease terms

• Existing 25,000ft² warehouse with ancillary buildings on 3 acre site
• Development opportunities for new build units up to 57,000ft²
• Highly visible from the A52
• Suitable for use as trade counter, car showroom, builders merchants, storage and distribution or general industrial subject to planning
• Immediately available

FHP Property Consultants are delighted to bring to market Unit C at West Hallam Industrial Estate, Ilkeston.   West Hallam Industrial Estate is situated approximately 7 miles north east of Derby and 10 miles west of Nottingham.  The estate benefits from good road links with Junction 25 of the M1 motorway located approximately 6 miles south east via the A52 and Junction 26 of the M1 motorway located approximately 9 miles north east via the A610.

The property provides clear span industrial/warehouse accommodation with four roller shutter loading doors and extends to 727.41m² (7,830ft²).

Darran Severn of FHP Property Consultants commented:

“While stock levels continue to be low, I expect to receive a great deal of interest in this unit especially given its size, location and self-contained yard.  The unit is currently undergoing a full refurbishment which will take approximately 8 – 12 weeks but will be immediately available on new lease terms following.  I look forward to speaking with all parties.”

The property is available to lease at a rent of £46,980 per annum which equates to £6.00ft².

For further information please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk.

ENDS

Darran Severn

April 2022

• Industrial/warehouse unit
• Self contained yard
• 24/7 security with gatehouse entrance
• 4 roller shutter loading doors
• Close to J25 and J6 of the M1 motorway
• Rent £46,980 per annum

2NB Property Investments Limited, a Derby based investment company has recently acquired Prospect House which is situated on Pride Park, Derby.  Prospect House was one of the first HQ office buildings built on Pride Park and must be one of the most well-known buildings in Derby.  The property occupies a highly visible position directly opposite Pride Park Stadium and the accommodation spans over three floors offering modern open plan space.

The property was sold on behalf of private clients by joint agents FHP Property Consultants and Andrew Butcher & Associates.

Darran Severn of FHP Property Consultants commented:

“I am pleased this sale has completed and I wish the new owners every future success with their investment which I understand will be occupied later this year after a comprehensive refurbishment.  There is a continued demand for office premises across Derby with a significant focus on Pride Park at present.  Occupiers are seeking to increase the quality of their working environments and to create more of a collaborative lifestyle choice to boost collaboration, mental health and wellbeing, team building and to support the upskilling of junior members of the workforce.  With a general lack of stock in market particularly on Pride Park we are starting to see capital values rise”.

David Nelson from 2NB Property Investments Limited commented:

“We’re delighted to complete the purchase of Prospect House and wish to thank all the professionals that assisted with the transaction.  We look forward to turning the building into high specification grade A office accommodation that will be occupied later this year”.

Andrew Butcher of Andrew Butcher & Associates also commented:

I am delighted to have concluded the sale of this property on behalf of our private clients, following a relatively short marketing period. The demand for freehold properties and the short supply saw competition for this property and it is good to see that after a refurbishment, this will be home to a growing professional occupier, further extending the occupational life of the building”.

For further information or to discuss your property requirements, please contact Darran Severn of FHP Property Consultants on 07917 460 031 or darran@fhp.co.uk

ENDS

Darran Severn

April 2022

FHP Property Consultants are pleased to have been instructed to market this rare opportunity to lease a trade counter/warehouse unit on Ascot Drive, Derby.

The property provides showroom warehousing with two storey offices to the front and two warehouse bays to the rear comprising a total size of 1,217.5m² (13,104ft²).  The unit is available on new lease terms at a rent of £90,000 per annum.

Darran Severn of FHP Property Consultants commented:

“It is not often a space such as this becomes available in such a prominent position on Ascot Drive.  There continues to be a real shortage of available units in Derby and I therefore expect to receive good levels of interest especially given the unit’s location and secure yard.  I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on (07917 460 031) / darran@fhp.co.uk or Tim Gilbertson (07887 787 893) / tim@fhp.co.uk.

ENDS

Darran Severn

March 2022

• Popular trade counter location
• Showroom and warehousing
• Self-contained yard
• Front and rear access
• 2 roller shutter loading doors
• Available on new lease terms
• Rent £90,000 per annum

Over the last 12 months, the majority of us will have seen a change in the relationship we have with the office.  By far the most important driver from occupiers considering office moves has been a focus on the quality of office environments.  Many occupiers are looking to improve their space to make the office more of a collaborative “lifestyle choice” to boost collaboration, mental health and wellbeing, team building and to support the upskilling of more junior members of the workforce.  There has also been an increase in demand for freehold office space, particularly on Pride Park where FHP currently have some 30,000ft² of office space under offer on a freehold basis, the majority to local businesses who are already based in Derby.

Darran Severn of FHP Property Consultants commented:

“We’ve had a lot of success during the last couple of months placing five buildings under offer.  It feels like businesses are ready to make decisions in regard to their office space and there seems to be a preference to buy.  As an example, we placed 3 Prospect Place on the market earlier in January and after several viewings this went under offer very quickly.  Again, we received an offer on 10 Royal Scot Road within a day of marketing.  Whilst these deals are yet to complete, I am confident they will progress to completion having carried out the required due diligence on each buyer. 

We continue to speak with local and regional businesses on a daily basis who are still seeking space on a freehold basis and I would be delighted to speak with anyone who may be looking to sell their property.  Whilst capital values have remained relatively unchanged over the past 5 – 10 years, I expect with a shortage of opportunities we will start to see values rise.  I would add that we are also speaking to occupiers who require space on a leasehold basis, but again there are limited options currently on Pride Park, particularly for space larger than 6,000ft².”

Should you require any further information then please do not hesitate to contact Darran Severn  07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

February 2022

On behalf of private clients, FHP Property Consultants are delighted to confirm the sale of Booths Industrial Estate, Ilkeston to Derbyshire based developer PMW Property.  Booths Industrial Estate comprises approximately 35,000ft² of industrial accommodation set on a 4.5 acre site.  The existing units are fully let with the remainder of the site available as hard standing land.

Darran Severn of FHP Property Consultants comments:

“We were instructed to dispose of this opportunity off market and I am pleased to say we agreed a sale within a matter of days.  Booths Industrial Estate is income producing with the potential to substantially increase the rent roll by leasing the vacant hard standing sites.   That combined with the possibility of future development made this an appealing site.

These types of add value assets are extremely sought after at present and we are speaking with a number of local, regional and national investors on a daily basis who are seeking these opportunities.”

Matthew Wrigley of PMW Property comments:

‘We are excited to now have completed on this new multi-let investment site in the heart of Ilkeston.  There are a number of tenants that all specialise in different sectors and we are looking forward to meeting them all and getting to know them and their businesses.  The parcel of land that sits empty on the site currently we are hoping to rent as a hard standing yard as these seem to be coming harder and harder for people to find at the moment.”

If you are looking for hard standing storage land available to rent then please get in touch.  There are several sites available up to a maximum of 2.4 acres.

For further information, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

February 2022

• Landmark building
• Grade A office space
• Various floors available
• Excellent road connections
• Generous parking
• 24/7 hour access
• Superfast broadband available

• 6 x 1 bedroom flats
• 8 x 2 bedroom flats
• Fully let income circa £79,740 per annum
• Rear car parking

• Warehouse and logistics opportunities up to 395,000ft²
• Build to suit
• Situated on the A50 between Derby and Stoke on Trent
• Excellent connectivity to the A38, M1 and M6
• Significant labour pool
• Up to 50m deep service yards
• Up to 18m clear internal height
• EPC rating A

FHP Property Consultants have agreed the investment sale of 7A-12 Albion Street, which is let to TK Maxx and situated in Derby City Centre.

The property is well positioned on Albion Street close to the entrance of the Derbion Shopping Centre and comprises three retail units that have now been combined to create 34,464 ft² of retail accommodation over three floors.

TK Maxx have occupied the property since 2017 by way of a lease expiring in 2032.

The sale has been agreed to private investors just under the quoting price of £2.25m which represented a net initial yield of 8.56%.

Darran Severn of FHP Property Consultants commented:

“I am pleased to have been involved in this sale and this has truly been a great result for all parties.  The property has been sold to overseas investors who own several other assets that are let to TK Maxx.  Albion Street has suffered in recent years but many of the shops on this street have changed ownership within the last 12 months and I believe this area will only get better.

There is good interest at present for investment opportunities where yields are anywhere between 8% and 10% and as a result I have three further sales under offer totalling in excess of £3 million.  I hope to release details of these in the coming months”.

For further information, please contact Darran Severn on 07917 460 031 or Darran@fhp.co.uk.

ENDS

Darran Severn

January 2022

FHP Property Consultants are delighted to bring to the market the office building known as 3 Prospect Place, Pride Park, Derby, D24 8HG.

The property occupies an excellent position on Pride Park and is accessed off Derwent Parade which connects the adjoining Wyvern Retail and Business Park with the A52 and M1 via Junction 25.  The accommodation spans over two floors and offers good quality accommodation with an arrangement combining a mixture of cellular and open plan space.  There is a glazed reception entrance and kitchen and WC facilities on each floor.  The property benefits from 17 car parking spaces and is fully air conditioned.

The offices are available on new lease terms at a rent of £60,000 per annum.  Alternatively the freehold may be available.

Darran Severn of FHP Property Consultants comments:

“Over the last 6 months we have seen a steady increase in activity within the office sector.  What I have noticed is that occupiers are looking for higher quality offices that offer a mixture of traditional desk space, creative collaborative zones and break out space.  3 Prospect Place offers self contained accommodation which if fitted out correctly can provide an excellent working environment.  I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk

ENDS

Darran Severn

January 2022